Analysts have also given a consensus recommendation on the stock of 2.10. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/04/06/constellation-brands-inc-stz-price-target-increased-to-220-00-by-analysts-at-pivotal-research.html.
Constellation Brands is the third largest wine company in the nation, selling 51 million cases past year.
Of particular interest to investors in the alcoholic beverage space who have seen beer industry leaders struggle in the recent earnings season, Constellation said Q4 beer sales grew 11%, driven by higher volumes, better pricing and increased demand for its craft brand Ballast Point. (NYSE:STZ). According to First Call, the current consensus target price on shares is sitting at $177.82. A rating of 4 or 5 would represent a Sell recommendation. Vetr downgraded shares of L Brands from a "sell" rating to a "strong sell" rating and set a $65.84 price objective on the stock.in a research report on Wednesday, December 7th. Ivory Investment Management Lp acquired 429,052 shares as Nxp Semiconductors N V (NXPI)'s stock declined 4.62%. These positives were good enough for investors to lift the stock price in pre-market. The stock has a 50-day moving average of $50.61 and a 200 day moving average of $63.38. Constellation Brands has $280 highest and $130 lowest target. "(STZ) Releases Earnings Results, Beats Estimates By $0.12 EPS" was reported by BBNS and is owned by of BBNS.
Sales were $1.63 billion, up from sales of $1.54 billion a year ago. Constellation Brands had a net margin of 16.65% and a return on equity of 19.07%.
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For the year, the company reported profit of $1.54 billion, or $7.52 per share.
Looking ahead to the 2018 full year, the company has guided for earnings of $7.70 to $8, while Wall Street is expecting $7.51 per share. The firm's quarterly revenue was up 10.4% compared to the same quarter past year. The expectation for earnings per share on a comparable basis is in a range of $7.70 to $8.00, compared to the analysts expectation of $7.51.
In other Constellation Brands news, VP F Paul Hetterich purchased 752 shares of the business's stock in a transaction on Friday, January 13th.
ILLEGAL ACTIVITY NOTICE: "Constellation Brands, Inc". Next Financial Grp Inc reported 0% in Constellation Brands, Inc. Marietta Investment Partners LLC increased its position in shares of Constellation Brands by 13.6% in the third quarter. Moreover, the bottom line surged 24% from $1.19 a share earned in the year-ago quarter. Constellation Brands, Inc. (NYSE:STZ) has declined 2.86% since August 30, 2016 and is downtrending.